Limoneira Plans $10M Stock Buyback Program

Limoneira Co LMNR announced its Board of Directors had authorized the repurchase of up to $10.0 million of its issued and outstanding common stock.
The company plans to repurchase common stock through September 2022, utilizing one or more open market transactions.
Limoneira held $0.7 million in cash and equivalents as of July 31, 2021.
Price Action: LMNR shares are trading higher by 1.13% at $15.63 on the last check Wednesday.